7102 Tejas Bend
About This Property
Situated on an oversized waterfront lot with private canal access leading directly to Cedar Creek Lake, this property is designed for both relaxation and entertaining. The spacious pavilion, built on a concrete slab, features a convenient kitchenette, making it the perfect gathering space for family and friends. After a day on the water, enjoy the convenience of the outdoor shower before relaxing and taking in the peaceful lake atmosphere.
The property is fully enclosed with a 6-foot metal fence, providing added privacy and security while maximizing the expansive outdoor space. With its waterfront location, private canal access, oversized lot, and established income potential, this is a rare opportunity to own a versatile property that offers the best of lake living and investment potential.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 8, 2026 | Listed by Monument Realty | $438,000 | |
| Listed by Monument Realty | |||
| Jul 7, 2026 | No longer available | - | |
| No longer available | |||
| Mar 25, 2026 | Listed by Homezu.com of Texas | $483,000 | |
| Listed by Homezu.com of Texas | |||
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Modern Two -Story Home on Over .50 Acre with Lake Access & Exceptional Outdoor Living Built in 2020, this two-story residential property presents a rare opportunity for both owner-occupants and investors, offering modern construction, lake access, and significant land-use flexibility across five fenced lots totaling over ½ acre. Seller is willing to give concessions to Buyer at closing
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| Jan 31, 2024 | No longer available | - | |
| No longer available | |||
| Dec 19, 2023 | Price Decreased |
$467,888
↓ $612
(0.1%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017